Airspan Networks Holdings Inc. Reports 2021 Results, With Strong Momentum in 5G Private Networks

Airspan Networks Holdings Inc., which provides ground-breaking, disruptive software and hardware for 5G networks, and a pioneer in end-to-end Open RAN solutions, announced results for the fourth quarter and year ended December 31, 2021.

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Key Fourth Quarter Financial Highlights

• Revenue of $50.4 million, up 29% sequentially from third quarter 2021, down 38% year-over-year compared to exceptional performance in fourth quarter 2020, following COVID lockdownsGross margin of 41.1% compared to 44.0% in third quarter 2021, and 45.8% in fourth quarter 2020, with the majority of the variance due to supply chain pressures.
• Net loss of $19.6 million, compared to a net loss of $27.0 million in third quarter 2021, and net income of $8.3 million for fourth quarter 2020Adjusted EBITDA (non-GAAP measure) was a loss of $8.0 million compared to a loss of $10.4 million in third quarter 2021 and income of $12.7 million in fourth quarter 2020
• Loss per share was 27 cents, compared to income per share of 14 cents in the fourth quarter 2020.

Fourth Quarter Successes and Recognition

Strengthening strong CBRS market position with the launch of Airspan’s first 5G CBRS product: the Airspan AirStrand 2200 solution was the first CBRS 5G Stand Alone small cell radio approved by the FCC for use on US networks. It follows the successful completion of 5G interoperability tests in the CBRS spectrum band (n48), which lays the groundwork for the launch of next generation CBRS-based devices using Airspan 5G and Open RAN software and hardware for cable operator customers and other vertical markets.
One of the “Best Pilot Programs” In the US/Fixed Wireless Access Market: Mimosa by Airspan beat out its FWA and Wi-Fi solutions competitors to win the RAN provider business for Amarillo, Texas’ government stimulus-funded Digital Divide program, Amarillo Connected. In addition, Airspan extended its sales resources aggressively to capture business via stimulus revenue, leveraging Airspan’s leading FWA portfolio across a multitude of broadband connectivity programs.
Leveraging international government stimulus for 5G deployments: In addition to US government stimulus funding broadband deployments, Airspan is a member in a consortium of industry and academic partners that secured funding from the UK Department of Digital, Culture, Media and Sport (DCMS).